Coinbase to Launch an Ethereum Messaging App

Coinbase is reportedly launching a new subsidiary brand focusing on secure messaging and blockchain-enabled payments, its chief executive said in online statements today.
Announced today via Twitter by CEO Brian Armstrong, the company is now testing a product called Token, a wallet and a browser for decentralized applications that is now operating on the ethereum testnet.
In the post, Coinbase framed Token as an extension of its long-held mission to use blockchain-based digital currencies as a means to achieve financial inclusion.
The blog post further indicated the product would seek to migrate to the live ethereum blockchain in the coming months, though no official timeline was made public.
As noted in the announcement, the product is similar to other efforts to create mobile wallet platforms based on ethereum, currently the second-largest public blockchain by market cap.